Amended Statement of Ownership (sc 13g/a)
November 22 2016 - 11:22AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
SCHEDULE
13G
UNDER
THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT
NO. 1)
FREESEAS,
INC.
(Name
of Issuer)
COMMON
STOCK
(Title
of Class of Securities)
Y26496227
(CUSIP
Number)
November
18, 2016
(DATE
OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)
Check
the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ Rule 13d-1(c)
*The
remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject
class of securities, and for any subsequent amendment containing information which would alter the
disclosures
provided in a prior cover page.
The
information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section
18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the Notes).
(Continued
on following page(s)
)
Page 1 of 5 Pages
CUSIP No. Y26496227
|
|
13G
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Page 2 of 5 Pages
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1.
|
NAMES
OF REPORTING PERSON
S.S.
OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Alpha
Capital Anstalt
|
2.
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ☐
(b)
☐
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3.
|
SEC
USE ONLY
|
4.
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Liechtenstein
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY EACH
REPORTING
PERSON
|
5.
|
SOLE
VOTING POWER –
13,680,408
Common Stock
|
6.
|
SHARED
VOTING POWER – None
|
7.
|
SOLE
DISPOSITIVE POWER – 13,680,408 shares of Common Stock
|
8.
|
SHARED
DISPOSITIVE POWER – None
|
9.
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -
13,680,408
shares of Common Stock
|
10.
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐
|
11.
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.99%
(based on the total of [274,156,481] outstanding shares of Common Stock)
|
12.
|
TYPE
OF REPORTING PERSON
CO
|
CUSIP No. Y26496227
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|
13G
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Page 3 of 5 Pages
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ITEM
1 (a) NAME OF ISSUER: FreeSeas, Inc.
ITEM
1 (b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
10,
El Venizelou (Panepistimou) Street, Athens, J3 10671 Greece
ITEM
2 (a) NAME OF PERSON FILING: Alpha Capital Anstalt
ITEM
2 (b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
Lettstrasse
32, 9490 Vaduz, Liechtenstein
ITEM
2 (c) CITIZENSHIP: Liechtenstein
ITEM
2 (d) TITLE OF CLASS OF SECURITIES: Common Stock
ITEM
2 (e) CUSIP NUMBER: Y26496227
ITEM
3 IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B) OR 13D-2(B): Not applicable
ITEM
4 OWNERSHIP
(a)
AMOUNT BENEFICIALLY OWNED: 13,680,408 Shares of Common Stock
(b)
PERCENT OF CLASS: 4.99%
(c)
NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
(i)
SOLE POWER TO VOTE OR DIRECT THE VOTE
13,680,408
Shares
(ii)
SHARED POWER TO VOTE OR DIRECT THE VOTE
0
Shares
(iii)
SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF
13,680,408
Shares
(iv)
SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF
0
Shares
CUSIP No. Y26496227
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13G
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Page 4 of 5 Pages
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ITEM
5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
Alpha
Capital Anstalt’s ownership is now under 5%.
ITEM
6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Not
applicable
ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE
SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Not
applicable
ITEM
8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF A GROUP
Not
applicable
ITEM
9 NOTICE OF DISSOLUTION OF GROUP
Not
applicable
CUSIP No. Y26496227
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13G
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Page 5 of 5 Pages
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SIGNATURE
After
reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true,
complete and correct.
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November
22, 2016
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(Date)
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/s/
Konrad Ackerman
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(Signature)
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Konrad
Ackerman, Director
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(Name/Title)
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